Ferma news - A continuous process of risk management to assess and improve resilience can help companies manage their supply chain risks. . .
A continuous process of risk management to assess and improve resilience can help companies manage their supply chain risks, according to David Ney, consultant, Willis. Speaking at the first of yesterday's workshops on managing supply chain risks to protect your company's bottom line result, Ney explained that 'full value' insurance is on the decline and that loss limited insurance requires better understanding of risk exposure. Availability of suppliers' cover, particularly for unspecified suppliers, has also reduced.
Ney suggested that risk managers ask the following questions:
